By Devika Patel
Knoxville, Tenn., Aug. 13 - Discovery Metals Ltd. said it raised A$8.19 million in a private placement of stock.
The company sold 19.5 million shares at A$0.42 apiece.
Proceeds will be applied toward progressing the company's bankable feasibility study at the Boseto Copper project and for corporate costs.
Based in Brisbane, Australia, Discovery Metals acquires nickel-copper exploration and development projects.
| Issuer: | Discovery Metals Ltd.
|
| Issue: | Stock
|
| Amount: | A$8.19 million
|
| Shares: | 19.5 million
|
| Price: | A$0.42
|
| Warrants: | No
|
| Settlement date: | Aug. 13
|
| Stock symbol: | Australia: DML
|
| Stock price: | A$0.395 at close Aug. 13
|
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